Consumption Behaviour in Zambia: The Link to Poverty Alleviation?

Kirsten Ludi

In order to be able to suggest viable solutions to the overwhelming problem of poverty on the African continent, it is first necessary to know exactly what is causing that poverty. It is the intention of this paper to measure welfare in Zambia, via an estimated consumption function, and then to compare this estimated consumption to the levels of poverty, or subsistence level consumption expenditure, in Zambia. The objective is to understand the underlying determinants and depth of poverty in Zam...

Emissions Trading, Electricity Industry Restructuring and Investment in Pollution Abatement

Meredith Fowlie

The NOx State Implementation Plan Call was designed to facilitate cost effective reductions of nitrogen oxides emissions from large stationary sources (primarily electricity generators) through the introduction of an emissions trading program. I investigate the relationship between economic regulation and firms' long-run response to the incentives created by this emissions trading program. I estimate a discrete choice model of the firm's compliance decision, controlling for unit-level ...

Monetary Policy News and Exchange Rate Responses: Do Only Surprises Matter?

Rasmus Fatum, Barry Scholnick

This paper shows that exchange rates respond to only the surprise component of an actual US monetary policy change and that failure to disentangle the surprise component from the actual monetary policy change can lead to an underestimation of the impact of monetary policy, or even to a false acceptance of the hypothesis that monetary policy has no impact on exchange rates. This finding implies that there is a need for reexamining the empirical analyses of asset price responses to macro news that...

Moffett and rhetoric

Ostensibly Teaching the Universe of Discourse was written as a reaction to the ‘arhetorical’ practice, as Moffett saw it at the time, of sentence combining and embedding. Although sentence combining and embedding were themselves part of a 1960s reaction to the formal teaching of sentence grammar (and have continued as practices up to the present - see Abrahamson 1977; Combs 1976, 1977; Lawlor 1980; Ney 1980; Stewart 1979 for research on the efficacy of sentence combining; plus more recent sy...

Dynamic Explanations of Industry Structure and Performance

Ronald W. Cotterill

Industrial Organization,

Environmental Regulation, Market Power and Price Discrimination in the Agricultural Chemical Industry

Vincent H. Smith, James B. Johnson

Chemical companies generally support environmental regulatory segregation Canadian and U.S. agricultural chemical markets, apparently because it enables them to practice third order price discrimination. This study provides new cross section evidence that suggests price discrimination is practiced. We examine the potential implications chemical market desegregation for agricultural chemical prices, farmer welfare, and consumer welfare.price discrimination, agricultural chemicals, economic welfar...